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    Property profile & analytics

    1975 Cox Rd Aptos, CA 95003

    • Commercial real estate
    • 3,450 SF
    • 4.12 lot acres
    For Sale
    View listing
    $5,520
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2220018
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Noble Harvest Lavender & Nursery / Farm Shop

    Property Details for 1975 Cox Rd

    Year built
    1961
    Lot size
    4.12 lot acres
    Property size
    3,450 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,450 square foot commercial property, situated on a generous 4.12-acre lot at 1975 Cox Road in Aptos, CA, presents a unique opportunity for a variety of businesses. Its prime Corralitos location offers easy access to both central and southern Santa Cruz County, making it strategically advantageous for distribution and operations. The property boasts significant existing warehouse space, perfectly suited for agricultural or commercial uses. Previously utilized as a legal cannabis cultivation facility, many improvements remain in place, offering potential cost savings for a new owner. A key feature is the potential for substantial expansion: an additional 14,000 square feet of warehouse, storage, or assembly space is available in a separate building on the property. This presents a significant opportunity for growth and scalability. The property's secure location adds to its appeal, providing peace of mind for operations and inventory. Given its size, location, and existing infrastructure, this property is an exceptional investment opportunity for businesses seeking a versatile and expandable space in a desirable location. Serious inquiries only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aptos
    County
    Santa Cruz
    State
    California
    Longitude
    -121.8883
    Latitude
    36.98308

    Comparable in this City

    • $3,900,000
      9,785 SF

      Iconic Aptos Bayview Hotel

      Historic Hotel, 14 Rooms, Bay Views
      8041 Soquel Dr, Aptos, CA 95003
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    • $410,000

      Commercial Land For Sale

      Commercial land available for sale.
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    • $50,000

      Aptos Land For Sale

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    • $1,595,000

      Mixed-Use Property Near Rio Del Mar

      Mixed-use property with commercial and residential units near the beach.
      140 Marina Ave, Aptos, CA 95003
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    • $699,000

      Aptos Residential Land Opportunity

      Residential land in Aptos, near Capitola Village and New Brighton.
      2 Kaspian Ct, Aptos, CA 95003
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    • $650,000

      Aptos Residential Lots and Land

      Residential lots and land available in Aptos, California.
      3 Kaspian Ct, Aptos, CA 95003
      View Details

    Similar Nearby for Sale

    • $3,900,000
      9,785 SF

      Iconic Aptos Bayview Hotel

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      8041 Soquel Dr, Aptos, CA 95003
      View Details
    • $429,000

      Commercial Land For Sale

      Commercial land available for purchase.
      220 Mar Vista Dr, Aptos, CA 95003
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      Resident-Owned Mobile Home in Aptos

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      Commercial Land For Sale

      Commercial land available for sale.
      87 Leawood 87, Aptos, CA 95003
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    • $1,595,000

      Mixed-Use Property Near Rio Del Mar

      Mixed-use property with commercial and residential units near the beach.
      140 Marina Ave, Aptos, CA 95003
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    • $50,000

      Aptos Land For Sale

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      000 Burns Ave, Aptos, CA 95003
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      3,500 SF

      Aptos Former Bank Space

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    • $2 SF/Yr
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      Aptos Office Space Available

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      View Details
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    1975 Cox Rd
    Aptos, CA 95003
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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